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from it it's sold there are age limits but what has been the result is that for every dollar in taxes the united states receives from legal alcohol or tobacco it costs us ten dollars in social costs so we don't need to legalize something to make it to control it we can actually keep it illegal so that we don't have big industry promoting it to kids but at the same time we also don't need to throw everybody in jail for small amounts of use so i don't live in this world where it's black or white you know we go to jail or it's legal we can do better than that ok pete if i go back to you i mean we haven't said which is not a war against our own people but the level of incarceration the united states is extraordinary that is a war on a population that at least in one sense well i was again i think we can use words in lots of ways i think. the problem is that you have in latin america today a norm is level of violence and killing at that people believe is related to the drug war whether it is or not whether kevin is right that legalizing marijuana in a few states is not going to have any ef
from it it's sold there are age limits but what has been the result is that for every dollar in taxes the united states receives from legal alcohol or tobacco it costs us ten dollars in social costs so we don't need to legalize something to make it to control it we can actually keep it illegal so that we don't have big industry promoting it to kids but at the same time we also don't need to throw everybody in jail for small amounts of use so i don't live in this world where it's black or white...
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Nov 27, 2012
11/12
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or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a
or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on...
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Nov 28, 2012
11/12
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friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial features. >> they say practice makes perfect especially when it comes to telling tall tales. speaking of that let's check in with bria
friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run...
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Nov 26, 2012
11/12
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KGO
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. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to meet with the president this week. there are predictions it could be wrapped up before christmas. >> i like that optimism. >>> well, president obama is expected to announce this week a major reshuffling of his cabinet. u.n. ambassador susan rice will likely be the president's nominee to replace hillary clinton as secretary of state. on top of that, massachusetts senator john kerry is said to be the leading candidate to replace leon panetta at secretary of defense. >>> and we're also expected
. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed...
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Nov 27, 2012
11/12
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we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope
we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head...
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Nov 29, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> if you're a family in debt, you don't keep spending. >> it shouldn
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom...
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Nov 27, 2012
11/12
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MSNBCW
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they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say, guys, we have 98% of the public i want to give tax cuts to right now, we can keep arguing about the top 2 but do this right now for the 98%. how come you're not with me on this? that's i think is a card for him to play heavy and gives him an advantage over the spending cuts and debt ceiling issues that will come up. >> justin, let's talk a little bit about the effects of a tax cut for high-income earners on the economy. there is this supposition, in fact i would call it bedrock republican philosophy economically speaking if you cut rates for top ea
they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say,...
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Nov 28, 2012
11/12
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as much as 40% no one wants to seem to pay taxes and legislate taxes, so that is. if somebody wants something they can purchase it or say to the federal ground and both we will get richer so it is an interesting parallel petraeus pnac there is a difference between alcohol and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same edition. what lessons can you draw? >> kuran absolutely right. it was an integral part of some one of the center for of millennia before prohibition. there are indigenous people in this country but it was not as antonette in the life and society also it was today than 50 years ago and there's a generational issue wow were people who grew up with the presence of marijuana whether the appreciated it or not was back in the 1950's. >> what's interesting about the drug law today is the seems to be released the criminal components leading some civil penalties in place maybe even giving away with those as well if the local level we still have the federal law would marijuana means a schedule on
as much as 40% no one wants to seem to pay taxes and legislate taxes, so that is. if somebody wants something they can purchase it or say to the federal ground and both we will get richer so it is an interesting parallel petraeus pnac there is a difference between alcohol and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same edition. what lessons can you draw? >> kuran absolutely right. it was an integral part of some one of the...
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Nov 28, 2012
11/12
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CSPAN2
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the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i think, in fifty years or that took place and he got that done. it required working, sending a limo secretly to the senate to bring the senator to, bird, i believe it was to the white house to come in and to be courted in effect and held up high and, you know, be beloved by the junior president of the united states, his junior when they were in the senate together and he got the most significant civil rights legislation passed in american history. all in six weeks. all because of leadership. all because he if not let go. it it required grabbing people by the shoulder and not letting
the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i...
SFGTV2: San Francisco Government Television
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Nov 21, 2012
11/12
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SFGTV2
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making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and research. there has to be a culture fun -- from the federal grant all the way down in research. they should hammer out what the appropriate compromise is to repatriate all those overseas profit corporations are not putting back into our or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor sa
making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and...
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Nov 29, 2012
11/12
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he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans....
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Nov 29, 2012
11/12
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then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part of a continuing series on "washington journal" focusing on a fiscal cliff. our conversation has broadened. to bring it back to the payroll tax cut and remind you it was enacted in december of 2010, designed to temporarily boost the economy and reduce the tax to% from 6.2% to 4.2% and increased take-home pay about an average of $1,000 to $1,800 per worker. it expires at the end of the year, rates will revert back to 6.2%. if you make $35,000 or so, that will be an extra $700 in taxes. the $2,000, an extra thousand dollars. 75,000, $1,500. finally, $110,000, the upper limit
then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part...
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Nov 26, 2012
11/12
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that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that could be affected by income in the new year but something to think about if you have something on hand. >> the alternative minimum tax always gets complicated. >> don't sweat it. this is the amt tax. a lot of folks worry about it they haven't had to pay it before. 34 million more american households will be subjected to this ant tax if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still
that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that...
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Nov 22, 2012
11/12
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FBC
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why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why don't we start with something that senator coburn announced today. there is so much that can be saved by cutting nondefense spending, things like a smartphone application. it these are the things we are spending money on. they cut that we can make. >> so we have to do new cuts and paperwork. we have to pay for all of the spending we have done for the last 12 years. and we are kind of all in this together. so i don't think that, you know, i have spent the last two days talking to both sides of the senate. i have spent time talking to representatives in the house and white house. the m
why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why...
SFGTV2: San Francisco Government Television
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Nov 28, 2012
11/12
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SFGTV2
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Nov 27, 2012
11/12
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CSPAN2
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everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say is whatever it takes to give meaning or integrity to the vote we had here in the senate to -- to get an agreement here but also to encourage the house to vote to say, let's give middle-income families the certainty they deserve. let's just say that we're going to agree, democrats and republicans, that 98% of taxpayers across the country are going to have their tax rates continued. then we can have a big debate after that about what happens to the wealthiest among us. i think it makes sense, at a time of high deficits and a -- and a debt problem that -- that will confront us for years, that we h
everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say...
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Nov 29, 2012
11/12
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KTVU
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he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more efficiently. >>> there is an accident in the east bay, a big-rig slammed into three parked cars and has spilled diesel. it slammed into these cars here and the fire department is trying to mop up the diesel fuel spill. this is right between san leandro and cost trough valley. and it is off of 162nd avenue and you can see that it has created quite a mess there, so the crews will be there for quite some time trying to contain this. it did happen almost an hour ago so they have been on the scene almost an hour ago. you can see traffic is flowing nicely in both directions and in san francisco, we have a look
he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more...
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Nov 22, 2012
11/12
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CSPAN
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but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal litigation. anyway, the court reached a unanimous judgment, but divided three ways. three thought it discriminated against the male as parents. one said, i see this from the vantage point of the baby. it makes no sense the child should have the opportunity from the sole surviving care of the parent. only if that parent is female. not if the parent was male. other cases i was involved in from the ground floor, the pregnant problem. ato the early 1970's, if woman taught in public school, and she began to show between four and six months, she was put on mat
but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal...
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Nov 22, 2012
11/12
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tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home. and to your point earlier, i think it would be interesting as there doesn't seem like there's a whole lot of movement. it is not clear how to get past the log-jam we have now where it doesn't seem anyone is willing to put anything on the table that will actually lead to a conclusion in this. there's a lot of back and forth but no real movement going on at the moment. >> bob, do you think it will be what we have seen so many times on capitol hill, which is pushing this to the 11th hour-plus and they get something done because of pressure? do you think that will happen? >> sure. i think that's be
tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home....
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Nov 24, 2012
11/12
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CSPAN
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today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part of western culture for millennia before prohibition. certification indigenous peoples in this country, marijuana has been the same -- for certain indigenous peoples in this country, marijuana has been the same. there is a generational issue at play here. people who grew up with the presence of marijuana as being effective law -- a fact of life, it is different from what it was back in to the 1950's. >> what is interesting about drug law today is there is an errant -- under current taking place at the state level to legalize or relieved some of the criminal components, leadin
today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part...
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Nov 28, 2012
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and not a taxing problem. we've got to make significant changes in these programs to make our federal entitlements sustainable and in line with the day's demographics. and we need democrats to join us in that effort. just to put a fine point on all that, madam president, i want to just mention what the, again, the nonpartisan congressional budget office's report which was issued on november 12 of this year, just a couple of weeks ago said -- and i quote -- "with the population aging and health care costs per person likely to keep growing faster than the economy, the united states cannot sustain the federal spending programs that are now in place." that's from the congressional budget office. the president's own fiscal commission, the simpson-bowles commission noted in its official report, and i quote again, "federal health care spending represents our single largest fiscal challenge over the long run." earlier this month "the washington post" in its editorial board said, and i quote again, "entitlement reform
and not a taxing problem. we've got to make significant changes in these programs to make our federal entitlements sustainable and in line with the day's demographics. and we need democrats to join us in that effort. just to put a fine point on all that, madam president, i want to just mention what the, again, the nonpartisan congressional budget office's report which was issued on november 12 of this year, just a couple of weeks ago said -- and i quote -- "with the population aging and...
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Nov 23, 2012
11/12
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FOXNEWSW
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state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five. nthis morning, israel arrested the person behind wednesday's bomb blast on a bus in tel-aviv while the cease fire between israel and hamas is holding up. peter doocy has more in washington. >> good morning, patty. twen people - 27 people were injured when the bus exploded and an an arab-israeli is in custody for planting the bomb. pam pal militants with ties to hamas and other islamic jihadist in tel-aviv to plant the bomb and call would the handlers it was in place and they dialed a mobile phone that triggered the blast. the man admitted to carrying out the terrorist attack and now we'll wait and see if authorit
state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five....
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Nov 28, 2012
11/12
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CSPAN
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tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in the wealthier paying a higher share of their income. that is a system we have had since income taxes were put in place. in order to get the type of progress city that we have in place today, it can only be achieved with a progressive rate structure. in the 1990's, more radical tax reform ideas were passed of moving from an income tax to a consumption tax. and there was a popular movement to promote a flat tax. it would also have been progress of because we would not have taxed the first $20,000 wort
tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in...
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Nov 27, 2012
11/12
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CSPAN
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what is it that is true about virtual rules tax the activity itself is an accountability mechanism. me know what level of activity they had. this is basically on a real- time basis. when the government gets around to that, it will be a very tight box. the sector has the opportunity now to say we know what we can do to show you the kind of outcomes we can produce. we collect that data. most providers are in a position to start to do that as well. the sector is not proactively setting the framework for how this discussion is going to take place. there is going to be another bad actor who is going to mess up. there is going to be a reaction. it is going to be painful for a lot of other people because the sector did not take the step. i am a person who comes from the background of trying to leverage a for-profit company to be able to access capital. i still believe this is an important role for the for- profit to play. as long as we have this conversation about why as opposed to how we actually take the context as it is an frame in a way that can allow for great companies to persist bei
what is it that is true about virtual rules tax the activity itself is an accountability mechanism. me know what level of activity they had. this is basically on a real- time basis. when the government gets around to that, it will be a very tight box. the sector has the opportunity now to say we know what we can do to show you the kind of outcomes we can produce. we collect that data. most providers are in a position to start to do that as well. the sector is not proactively setting the...
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Nov 24, 2012
11/12
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FOXNEWSW
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no, it's taxes across the boards and spending cuts across the board. >> brenda: toby, leave me alone, is that fair for the federal workers to say. >> leave me alone is that we've been picking on them. to gary's point, if that's being picked on, throw in the briar patch at this point. that sounds like a nonsecter, and the good news is that the cost of the federal workers relative to the, you know, budget deficits and medicare, small enough it's somewhat of a side show. the idea that we're picking on themmen they're not getting the right deal, get out to the real world. >> steve. >> don't blame them, federal workers, this isn't their fault. yes, they're going to have give more. and in favor of union representation and union representation say hey, leave us alone, it's good for them, but overall, everybody's going to have to give, everybody. >> brenda: gary b. >> look, if it's the federal workers have it so bad, try to get a job in the federal sector, it's almost impossible these days, that's how bad it is. >> brenda: but, jonas, there have been layoffs from the federal sectors as well.
no, it's taxes across the boards and spending cuts across the board. >> brenda: toby, leave me alone, is that fair for the federal workers to say. >> leave me alone is that we've been picking on them. to gary's point, if that's being picked on, throw in the briar patch at this point. that sounds like a nonsecter, and the good news is that the cost of the federal workers relative to the, you know, budget deficits and medicare, small enough it's somewhat of a side show. the idea that...
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Nov 25, 2012
11/12
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FBC
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and carving out groups that aren't going to get a tax increase on some level or the spending cuts that the government needs to do and sort of lik the health care plan, the cadillac plans and we're going to get this and the then the unions got involved and then didn't get that thing. you can't do that. we've got too much of a budget gap and yeah, they took pay freezes, but in low inflation times, it's as hard to cut, as it sounds like. and your pay is frozen across the years. no,t's taxes across the boards and spending cuts across the board. >> brenda: toby, leave me alone, is that fair for the federal workers to say. >> leave me alone is that we've been picking on them. to gary's point, if that's being picked on, throw in the briar patch at this point. that sounds like a nonsecter, an the good news is that the cost of the federal workers relative to the, you know, budget deficits and medicare, small enough it's somewhat of a side show. the idea that we're picking on themmen they're not getting the right deal, get out to the real world. >> eve. >> don't blame them, federal workers, this
and carving out groups that aren't going to get a tax increase on some level or the spending cuts that the government needs to do and sort of lik the health care plan, the cadillac plans and we're going to get this and the then the unions got involved and then didn't get that thing. you can't do that. we've got too much of a budget gap and yeah, they took pay freezes, but in low inflation times, it's as hard to cut, as it sounds like. and your pay is frozen across the years. no,t's taxes across...
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Nov 26, 2012
11/12
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FOXNEWSW
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....
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cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that have democrats proposed cutting taxes on the working class people while ignoring the new rates for the rich republicans can sign on and . vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start moving america in a more egalitarian direction second most of the cuts to the pentagon budget are good things pentagon has lost over two trillion dollars that they can't account for it's a good guess you'll find a lot of it twenty bedroom mansion zone by defense contractors and lobbyist they're wearing this city washington d.c. and this nation needs a healthy and robust debate on our role as empire as president obama said during the campaign it's time to do some nation building right here at home and third by breaking out the social spending cuts that require public in particular the house of representatives to go on record on thei
cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that have democrats proposed cutting taxes on the working class people while ignoring the new rates for the rich republicans can sign on and . vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start moving america in a more...
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Nov 26, 2012
11/12
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CNNW
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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Nov 25, 2012
11/12
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FOXNEWSW
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and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of fallen in line with him and others spoken out publicly, under no circumstances will i raise taxes, it will be interesting where they raise revenue. can they do it by lightning deductions and-- >> they do the write-offs and the deductions. >> but the president had one to raise on the wealthiest americans. >> dave: the president two years ago says we cannot raise taxes with the growth levels. >> alisyn: not that president, the election president. >> dave: my mistake, everyone. >> alisyn: it's hard to know what they will do, but this week should be telling
and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of...
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Nov 21, 2012
11/12
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CURRENT
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. >> a gusher of campaign tax. >> this has been the most expensive election of all times. >> we're here on the campus of ucla law school where they argue constitution. today they're discussing money out, voters in. >> and jayar jackson will love this. tweet us on @tytoncurrent if you can guess who it is. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house with each spray... those healthy habits start to add up. this season, a good offense is the best defense and lysol has your family covered because that's our mission for health. >> it's no secret to regular viewers of this show that cenk has long been passionate, unbelievably passionate about campaign finance reform. this past weekend at ucla law school, he was invited to participate in a conference called money out voters in. let's take a look at how that worked out. >> cenk: we're here on the campus of ucla law school. where they debate constitutional issues. today they're doing a convention on money out voters in. the iss
. >> a gusher of campaign tax. >> this has been the most expensive election of all times. >> we're here on the campus of ucla law school where they argue constitution. today they're discussing money out, voters in. >> and jayar jackson will love this. tweet us on @tytoncurrent if you can guess who it is. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house...
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Nov 28, 2012
11/12
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FBC
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man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or right, the way we're going about this is not fair. no creative solutions to cut spending, a lot of ideas to raise revenues. taking a shine to spending our money, but never saving us money. we'll debate this. with wealth manager. if you want to look serious you need to put big spending cuts on the table. and we have, i just call him my toke an liberal friend. rick yo unger. you are not buying this. >> i see some, but the problem, you have to be careful not to create a new disaster by trying to solve another one, in 1980, 83% of americans had a defined pension benefit plan at work today that is
man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or...
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Nov 28, 2012
11/12
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CNBC
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we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue until you show me good faith with the spending reduction you all talk about except when it comes time to do something about it. and step b is that the small business community should say not one pens penny until i know you are not going to screw me. >> a quiz. well the answer is coming up next. it is the energy boom that is the brightest spot in our dull and amenemic economy. does the republican party have a front-runner for 2016 could be. don't forget. free market capitalism. we are about to prove it again in 2:00 when the kudlow report comes right back. [ male announ
we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue...
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Nov 21, 2012
11/12
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CURRENT
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eye 210
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. >> a gusher of a campaign taxes. >> this has been the most expensive election of all time. >> we're here on the campus of ucla law school where they debate constitutional issues. today they're doing a convention on money out and voters in. >> and we have our elbow of the day later. jr jackson is going to love this. tweet us at tyt on current if you can guess who it is. zisko>>>el granada is a special place to learn because we have a dedicated community and a dedicated staff. and when kids come on campus everyday, they're enthusiasm for learning shines. we receive federal funding because a majority of our students are socially disadvantaged. making sure our students receive healthy nutritious lunches and breakfasts is critical to their learning. i would like to see students take more ownership of what they eat everyday and learn about their bodies and how their food nourishes them. sandra jonaidi>>> i hope that we get them early enough that they've learn some good eating habits and they go forward and become very productive humans and grow up to make us all proud of them. narrator>>
. >> a gusher of a campaign taxes. >> this has been the most expensive election of all time. >> we're here on the campus of ucla law school where they debate constitutional issues. today they're doing a convention on money out and voters in. >> and we have our elbow of the day later. jr jackson is going to love this. tweet us at tyt on current if you can guess who it is. zisko>>>el granada is a special place to learn because we have a dedicated community and a...
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Nov 27, 2012
11/12
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CNNW
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eye 143
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that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the government taking a dollar aaway, that dollar is not available to be invested. the return on that dollar is zero. for buffet to not understand if you take money out of the economy it's gone is a little bit odd. he's willing to write it. if he wants to write a check, he should write a check and shut up about what everyone else should do. >> the richest guy in america things he should make more taxes. >> then do so. >> fwri in policies that make all people do that. grover as always combative fun and good to talk with you. a man
that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the...
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Nov 22, 2012
11/12
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CSPAN
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eye 92
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it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i cannot get into a lot of details -- i think it is unrealistic to expect next week we will
it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country....
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144
Nov 27, 2012
11/12
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CNNW
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anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather t
anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with...
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577
Nov 25, 2012
11/12
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KNTV
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rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john mccain softened his tone after vowing to block the nomination of u.n. ambassador susan rice to be hillary clinton's successor. he argued that rice damaged her credibility when she said the attack was a spontaneous protest to an anti-muslim video not a planned terror attack. today mccain was asked if he might change his mind about ambassador rice. >> i give everyone the benefit of explaining their position and the actions that they took. i'll be glad to have the opportunity to discuss these issues with her. >>> still ahead, sick and tired of being bullied on the road. how cyclists are taking matters into their own hands. >>> late
rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john...